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November 19, 2017, 06:32:47 am
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Author Topic: Simon Outlet Mall 61st & Hwy 75  (Read 117106 times)
Conan71
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« Reply #765 on: December 02, 2015, 11:59:46 am »

No one accused you of being racists. I said that term Breadburnes used can be taken as a racial slur (typically used as a way to disrespect the area). Besides, that is a ridiculous argument. Having Mexican relatives does not exclude someone from being racist.

Regardless, the location of this outlet shouldn't be an issue any more than the Cherokee Casino location. In fact it might benefit from the traffic going that way and relative proximity.

Speaking of the casino, there’s been no more word about the Cherokees own outlet mall.  It was supposed to break ground last April, but nothing has materialized.  There’s little doubt this would better add to a destination with hotel space and a casino in proximity to this.  There’s also a fair amount of undeveloped land in the area which could be ripe for good residential development.
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Conan71
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« Reply #766 on: February 18, 2016, 10:00:28 am »

And the land is finally safe:

http://m.newson6.com/story.aspx?story=31249261&catId=112042

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A 60-acre tract of land once destined to become home to an outlet mall has been purchased by the George Kaiser Family Foundation with the intent of making it part of the River Parks Turkey Mountain Urban Wilderness area.

7/20/2015 Related Story: Plan For Proposed Outlet Mall Near Turkey Mountain Pulled

News On 6 partner, The Frontier, reports the foundation paid $2.95 million for the property, land records show. The property — which includes a 55-acre tract and a five-acre tract — had been owned by the Robert E. and Dorothy S. Grant Family Trust and Beeline Sixty-One Properties, LLC.

The River Parks Authority’s board of directors in December approved the receipt of a $5.6 million loan from the Kaiser Foundation and QuikTrip Corp. to purchase property to expand the Turkey Mountain footprint.

The agreement calls for River Parks to use funding from the Vision 2025 renewal package to repay the loan. The Vision renewal package, which goes to voters April 5, includes $5.6 million for River Parks to use for land acquisition.

GKFF served as an intermediary in the deal, purchasing the land to hold it until River Parks can use Vision funds to buy it the land from the foundation.

The sale marks the end of a contentious battle between opponents of the proposed outlet mall and those who argued the mall would deliver millions of dollars in needed sales tax revenue to the city every year.

News On 6 partner, The Frontier, has a more in depth look at this story, you can read it here.
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« Reply #767 on: March 21, 2016, 08:12:57 am »

The Simon outlet mall goes to the Jenks City Council tonight for approval of $24 million in TIF funding.

Looks like it's getting close.
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« Reply #768 on: March 29, 2016, 01:09:39 pm »

And now Horizon has decided to not build the mall in East Tulsa.

http://www.newson6.com/story/31591716/east-tulsa-outlet-mall-development-canceled
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Conan71
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« Reply #769 on: March 29, 2016, 01:20:47 pm »

And now Horizon has decided to not build the mall in East Tulsa.

http://www.newson6.com/story/31591716/east-tulsa-outlet-mall-development-canceled

The city could have stepped up and backed this a long time ago, but dithered hoping to lure Simon.  Sorry, no tears here.

That said, Simon pulled the same thing on Horizon in Omaha, then never built it.
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« Reply #770 on: March 29, 2016, 01:39:12 pm »

The city could have stepped up and backed this a long time ago, but dithered hoping to lure Simon.  Sorry, no tears here.

That said, Simon pulled the same thing on Horizon in Omaha, then never built it.

Yeah, I'm not all busted up over it anyway.  I'm guessing the Tribe's new mall will fill that void.
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PonderInc
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« Reply #771 on: March 29, 2016, 02:43:41 pm »

Well, at least no one can blame the NIMBYs for this one.  Not sure how many outlet malls the region can support.  Apparently fewer than 3.
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Conan71
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« Reply #772 on: May 17, 2016, 09:00:22 am »

I’m posting under this thread since there will be great focus on this parcel now that it is officially in the TMUWA land inventory.

Turkey Mountain clean up day is this Saturday May 21 at 9:30am.  There will be heavy focus on the former Simon site as it turned into a dumping ground after Simon had boulders moved for core sample work and they were never put back in their place.  RPA has installed post and cable fencing along 61st St. to keep dumpers out as well as four wheelers.  They will have two roll-off dumpsters to collect all the debris.

Sign in for volunteers will be in the main pavilion in the lower parking lot prior to 9:30.  Please bring water bottles, sunscreen, work gloves, and hoes, shovels, etc. if you want to work with one of the trail re-hab crews.
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« Reply #773 on: February 27, 2017, 12:28:36 pm »

Yeah...this is no surprise...

Outlet malls sites sit stagnant; when will the 2 Tulsa-area shopping centers open?

http://www.tulsaworld.com/homepagelatest/prospects-for-tulsa-area-outlet-malls-appear-to-be-stalled/article_8d2cfcad-a4eb-5049-b39f-6b426956e435.html

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One Tulsa-area outlet mall was supposed to open in late 2016, while another was targeting its debut for this coming summer. Both appear to be in a holding pattern. The earliest either one could arrive is 2018.

Maybe.

At one point in late 2015, three outlet malls were proposed for the area. All appeared to be on parallel tracks, battling for tenants in what industry experts called a “site fight.”

One developer, which had plans for an east Tulsa site, bowed out in early spring 2016 and left two contenders for a market that experts believed could handle only one outlet mall.

Those two remaining suitors — the Cherokee Outlets in Catoosa and Tulsa Premium Outlets in Jenks — are likely not going to open in 2017 despite previous timelines given by their developers.

Neither has announced any tenants.

Simon Property Group, through a spokeswoman, declined repeated requests from the World to update the timeline for its proposed project, planned just off the Creek Turnpike across from the Oklahoma Aquarium. However, a presentation found on a Simon website said the outlet mall plans to open in June 2018.

The presentation said it will feature about 80 retailers housed in about 325,000 square feet.

When the Jenks City Council rezoned the land the mall is planned for, Simon said it would break ground in 2016 and open in the summer of 2017. The groundbreaking didn’t happen.

Simon hasn’t bought the land yet, Tulsa County property records show. A representative for the limited liability company that owns the property declined to comment.

Work to expand the Creek Turnpike interchange at Elm Street in Jenks continues in anticipation of the expected increase in traffic from the project.

Jenks Mayor Kelly Dunkerley said in a statement, “The expansion and improvement to our traffic interchanges at the Creek Turnpike and Jenks intersections, needed so the city may keep pace with our growing community, but also in anticipation of the construction of a Simon Premium Outlet, are nearly complete and will soon open.”

He offered little regarding the project, saying “We expect this project, like all of our other hallmark developments, to bolster our existing businesses and to bring even more energy to our town.”
The Cherokee Nation described the state of its outlet mall as in a holding pattern.

Cherokee Nation Businesses spokeswoman Amanda Clinton said the Woodmont Cos., which is partnering with the Cherokees on the site, is still looking for retailers, and once it hits a certain point in having the space leased, construction would begin.

Tulsa-area residents have been waiting for an outlet mall for more than three years.

Plans for outlet malls began to come to public light in 2013 and 2014 as the city of Tulsa tried to lure two different developers to sites on the city’s eastern and western borders. Simon originally planned to build near the Turkey Mountain Urban Wilderness Area. The Cherokees announced plans for their outlets in late 2014.

Developers, and retailers, are typically loathe to discuss the economy and what it means for their business dealings. However, the state of the Oklahoma economy has changed since three outlet malls were planned for the Tulsa metro.

The Simon presentation notes the strength of the Tulsa economy — in 2014. It highlights the metro area’s 4 percent unemployment rate at the end of that year and calls Tulsa “one of the strongest economies in the country.” Things have changed quite a bit since then. The December 2016 Tulsa metro-area unemployment rate was 4.8 percent, but reached heights of 5.6 percent in September.

When three outlet malls were planned in Tulsa, the area’s energy-dependent economy was booming on high oil prices. Prices recovered from their 2015 free-fall in 2016, but are nowhere near the heights seen throughout the early part of the decade.
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« Reply #774 on: June 11, 2017, 06:46:07 pm »

Still no whispers about this? Seems to early to stick a fork in it just yet, but if there is no movement by the end of the year I'm calling it.

Here's the last couple mentions I can find from the end of last month:
http://www.fox23.com/news/jenks-residents-wonder-when-promised-outlet-mall-will-open/525783611
http://ktul.com/news/local/jenks-listed-as-fastest-growing-city-in-oklahoma-leaders-say-it-complements-tulsa

So they say they are still "committed", meanwhile the retail apocalypse is still ramping up with no end in sight and Simon is selling off malls and properties such as the mall up in Bartlesville. Maybe they will refocus on these outlet malls after they sell off a few things? Outlet malls still seem to do well in certain spots...
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« Reply #775 on: June 12, 2017, 12:31:34 pm »

Still no whispers about this? Seems to early to stick a fork in it just yet, but if there is no movement by the end of the year I'm calling it.

Here's the last couple mentions I can find from the end of last month:
http://www.fox23.com/news/jenks-residents-wonder-when-promised-outlet-mall-will-open/525783611
http://ktul.com/news/local/jenks-listed-as-fastest-growing-city-in-oklahoma-leaders-say-it-complements-tulsa

So they say they are still "committed", meanwhile the retail apocalypse is still ramping up with no end in sight and Simon is selling off malls and properties such as the mall up in Bartlesville. Maybe they will refocus on these outlet malls after they sell off a few things? Outlet malls still seem to do well in certain spots...

It seems like they need to adjust their strategy for this. A huge outlet mall seems foolish if their tenants are closing down at such a rapid rate around the country.

I don't understand why they can't convert Promenade into an Outlet mall (or other newer strip that is mostly vacant such as recently discussed Midtown Village off I44). It is more centrally located and might be purchased or leased at quite a discount soon if closures keep up.
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« Reply #776 on: June 12, 2017, 06:42:12 pm »

It seems like they need to adjust their strategy for this. A huge outlet mall seems foolish if their tenants are closing down at such a rapid rate around the country.

I don't understand why they can't convert Promenade into an Outlet mall (or other newer strip that is mostly vacant such as recently discussed Midtown Village off I44). It is more centrally located and might be purchased or leased at quite a discount soon if closures keep up.

Outlet malls today are going outdoor. They could remodel promenade they wanted.
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« Reply #777 on: June 13, 2017, 10:26:14 am »

Outlet malls today are going outdoor. They could remodel promenade they wanted.

That would be pretty funny.  We would then have at 41st and Yale:

The former Southroads; originally an indoor mall converted to an outdoor strip center.

The former Promenade, nee Southland, originally an outdoor shopping center converted to an indoor mall converted to an outdoor outlet mall.
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cannon_fodder
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« Reply #778 on: June 13, 2017, 12:59:29 pm »

The former Promenade, nee Southland, originally an outdoor shopping center converted to an indoor mall converted to an outdoor outlet mall.

Full credit for proper use of neeCool
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« Reply #779 on: June 14, 2017, 08:19:43 am »

I don't understand why they can't convert Promenade into an Outlet mall (or other newer strip that is mostly vacant such as recently discussed Midtown Village off I44). It is more centrally located and might be purchased or leased at quite a discount soon if closures keep up.

That is a great idea, but it would be more plausible if Simon owned Promenade.

As for indoor/outdoor, Simon built/owns Opry Mills outlet mall in Nashville, which is an indoor mall.
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